Trulia CEO Peter Flint Unloads 10,400 Shares (TRLA)
Trulia (NASDAQ:TRLA) CEO Peter Flint sold 10,400 shares of the stock on the open market in a transaction dated Monday, September 16th. The shares were sold at an average price of $48.87, for a total transaction of $508,248.00. Following the completion of the sale, the chief executive officer now directly owns 1,548,359 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TRLA has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Trulia (NASDAQ:TRLA) from $47.00 to $50.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Trulia (NASDAQ:TRLA) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd. They now have a $42.50 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Trulia (NASDAQ:TRLA) to $51.00 in a research note to investors on Wednesday, August 21st.
One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Trulia has an average rating of “Buy” and a consensus target price of $48.50.
Shares of Trulia (NASDAQ:TRLA) traded up 5.48% during mid-day trading on Wednesday, hitting $50.58. 1,339,007 shares of the company’s stock traded hands. Trulia has a 52 week low of $14.69 and a 52 week high of $50.65. The stock’s 50-day moving average is $43.91 and its 200-day moving average is $34.82. The company’s market cap is $1.645 billion.
Trulia (NASDAQ:TRLA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $29.70 million for the quarter, compared to the consensus estimate of $27.69 million. The company’s revenue for the quarter was up 76.6% on a year-over-year basis. Analysts expect that Trulia will post $0.22 EPS for the current fiscal year.
Trulia, Inc is a real estate search engine company. The Company offers free and subscription products that provide real estate professionals with access to transaction-ready consumers and help them enhance their online presence.
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